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<br />Abatements #4230 & #4231 - Kmart Properties Located on 13th Avenue S & University Dr S <br /> <br />16 <br /> <br />Assessment Department Current Cost Model-University Drive S Strip Center <br /> <br />Estimate Number <br />Parcel Number <br />Property Owner <br />Property Address <br />Property City <br />State/Province <br />ZIPlPostal Code <br /> <br />3407 <br />2210-00400 2 <br />K-Mart Corp (2000 Abatement Cost Est) <br />2301 University Dr S (Plaza Strip Center) <br />Fargo <br />ND <br />58103 <br /> <br />Section 1 <br /> <br />Occupancy <br />100% Neighborhood Shopping Ctr <br />Total Area <br />Number of Stories (Section) <br />Shape <br /> <br />Class <br />Masonry bearing walls <br />12,500 <br />1.00 <br />1.00 <br /> <br />Height Rank <br />14.00 1.5 <br /> <br />Components <br />HV AC (Heating): <br />Warmed and Cooled Air <br />Sprinklers: <br />Sprinklers <br />Exterior Walls: <br />Concrete Block <br />Brick with Block Back-up <br /> <br />U nits/% <br /> <br />Other <br /> <br />100% <br /> <br />100% <br /> <br />75% <br />25% <br /> <br />Cost as of <br /> <br />01/2004 <br /> <br />Units/% <br /> <br />Cost <br /> <br />Total <br /> <br />Basic Structure <br />Base Cost <br />Exterior Walls <br />Heating & Cooling <br />Sprinklers <br />Basic Structure Cost <br /> <br />12,500 <br />12,500 <br />12,500 <br />12,500 <br />12,500 <br /> <br />33.98 <br />10.23 <br />10.38 <br />1.97 <br />56.56 <br /> <br />424,750 <br />127,906 <br />129,750 <br />24,625 <br />707,031 <br /> <br />Less Depreciation <br />Physical & Functional <br />Depreciated Cost <br /> <br />52.0% <br />12,500 <br /> <br />27.15 <br /> <br />367,656 <br />339,375 <br /> <br />Miscellaneous <br />Canopy 2500 sq. ft. @15 - 40% <br />Total Cost <br /> <br />2,500 <br />12,500 <br /> <br />15.00 <br />30.15 <br /> <br />37,500 <br />376,875 <br /> <br />Rounded to Nearest <br />Total Back Dated to 0112000 <br /> <br />1,000 <br /> <br />377,000 <br />340.445 <br /> <br />Remarks for Section 1: <br />Blt: 1968 w/remodel in 1988/89. Site area included in Segment #1 <br />